\begin{table}[h] \centering
\newcolumntype{R}{>{\raggedleft\arraybackslash}X}
\newcolumntype{L}{>{\raggedright\arraybackslash}X}
\newcolumntype{C}{>{\centering\arraybackslash}X}

\caption{Placebo tests: Effects of a turnover on the change in outcome variables between two years before the election and the year before the election}
\label{tab:placebo_baseline_diff_m1_year_m2}
\begin{tabularx}{\linewidth}{@{}lCCCCCCCC@{}}

\toprule
& (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8) \tabularnewline 
{}&{\textbf{Econ. perf.}}&{GDP p.c. gr.}&{(Minus) Inflation}&{(Minus) Unemp.}&{Trade}&{\textbf{HDI}}&{\textbf{Democ.}}&{\textbf{General index}} \tabularnewline
\midrule \addlinespace[\belowrulesep]
El. turn.&--0.026&--0.047&--0.147&0.173&0.053&0.013&--0.064&--0.040 \tabularnewline
&(0.085)&(0.133)&(0.115)&(0.188)&(0.124)&(0.136)&(0.159)&(0.097) \tabularnewline
p-val&[0.662]&[0.659]&[0.199]&[0.346]&[0.613]&[0.837]&[0.581]&[0.542] \tabularnewline
\midrule N&2174&1895&1861&1284&1736&1263&2176&2344 \tabularnewline
N eff.&912&880&1117&546&747&668&1070&1225 \tabularnewline
Band.&17.2&19.7&26.7&17.7&17.2&22.0&21.0&22.7 \tabularnewline
\bottomrule \addlinespace[\belowrulesep]

\end{tabularx}
\\ \parbox{\linewidth}{\footnotesize \caption*{\footnotesize \emph{Notes}: This table reports estimates for equation (\ref{eq:baseline_rdd}), using as a dependent variable the difference in the level of the outcomes two years before the election and the year before the election.}}
\end{table}
